Data Management Solutions
Business Intelligence Solution
What is Business Intelligence
Business intelligence is an umbrella term for technology that enables data preparation, data mining, data management, and data visualization. Business intelligence tools and processes allow end-users to identify actionable information from raw data, facilitating data-driven decision-making within organizations across various industries.
Business Intelligence Solutions
There are a number of business intelligence tools on the market, which help business users analyze performance metrics and extract real-time insights. These tools focus on self-service capabilities, reduce IT engagements and enable decision-makers to recognize performance gaps, market trends, or new revenue opportunities more quickly. Business intelligence applications are commonly used to make informed business decisions, which enhances a company’s position within the market.
An organization’s success depends on how well it makes important decisions. But organizations face real challenges in leveraging their vast amounts of data, and connecting that data from multiple sources to provide a unified view quickly and effectively is no easy task.
Renad Al-Majd provides business intelligence services to its customers to enable them to analyze historical and current data, predict future changes, and support decision-makers on the services provided by entities to their audience.
- Renad Al-Majd implements business intelligence projects using the best technical tools at various levels, and the implementation stages include:
- Building goals and performance measurement indicators.
- Analyze and present the results in multiple models.
- Build data warehouses.
- Data refinement.
- Aggregate data from a variety of sources.
Key Components of a Business Intelligence Software
Business intelligence platforms are expected to have the capabilities to create graphical reviews, create custom reports, and visualize data. To stay competitive, BI systems integrate machine learning and artificial intelligence. Basically, they rely on data warehouses, ETL, and OLAP.
Data warehouses and data markets
After data has been pre-processed and aggregated, it is fed into a single central warehouse, such as a data warehouse or data marketplace, that supports business analytics and reporting tools.
ETL
Business intelligence solutions rely on a data integration process that combines data from multiple data sources into a single, consistent data store that is loaded into another ETL data warehouse or system . It is an abbreviation for three steps in this process, namely extraction, conversion, and uploading.
OLAP
This technology extracts big data from relational tables and reorganizes them into a multidimensional format, enabling rapid processing and insightful analysis of OLAP data. It is an acronym that refers to online analytical processing.
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